Southern Company (SO)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 26,724,000 | 26,428,000 | 26,134,000 | 25,419,000 | 25,253,000 | 26,255,000 | 27,653,000 | 29,111,000 | 29,279,000 | 27,999,000 | 25,859,000 | 23,851,000 | 23,113,000 | 22,463,000 | 21,845,000 | 21,267,000 | 20,375,000 | 20,172,000 | 20,547,000 | 21,025,000 |
| Total assets | US$ in thousands | 145,180,000 | 143,956,000 | 141,937,000 | 140,120,000 | 139,331,000 | 138,321,000 | 137,116,000 | 134,756,000 | 134,891,000 | 134,005,000 | 130,769,000 | 128,639,000 | 127,534,000 | 127,861,000 | 125,907,000 | 125,393,000 | 122,935,000 | 123,158,000 | 119,731,000 | 118,852,000 |
| Total asset turnover | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 | 0.20 | 0.22 | 0.22 | 0.21 | 0.20 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.16 | 0.17 | 0.18 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $26,724,000K ÷ $145,180,000K
= 0.18
The total asset turnover ratio of Southern Company has shown some fluctuation over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.18 in March 2020, decreased to 0.16 in September 2020, and then slightly recovered to 0.17 in December 2020 and has generally stayed around this level until December 2024.
From March 2020 to June 2022, there was a gradual increase in the ratio, reaching its peak at 0.22 in December 2022. Subsequently, the ratio declined from March 2023 to September 2023 before stabilizing around 0.18 from December 2023 to December 2024.
The total asset turnover ratio indicates how effectively Southern Company is generating revenue relative to its total assets. A higher ratio suggests better asset utilization and efficiency in generating sales. The fluctuations observed in the ratio could be attributed to changes in business operations, acquisitions, capital investments, or market conditions during the period under review. Overall, the company's total asset turnover ratio has shown some variability but has generally remained within a relatively narrow range in the past few years.
Peer comparison
Dec 31, 2024